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On February 17th, the board of directors of Yuyuan changed, and Chi Mei was appointed as the two directors of Yiyuan Optoelectronics. Chi Mei said that after resigning from the two directors, Chi Mei does not occupy the board of directors but is still a shareholder. Yu Yuan said that in June, two directors will be elected. In 2008, Datong will participate in the private equity case, which may be supplemented by Datong.
Four years ago, Chi Mei turned to invest in the round, and hoped to combine the resources of Yuyuan and Chimei to jointly develop new industries. However, the cooperation between Chi Mei and Yuyuan has its own ideas, and the process of mutual cooperation and development is not smooth. In 2006, Chi Mei invested in Keli Optoelectronics separately and gradually drifted away from the circle. Chi Mei Group is optimistic about the energy-saving market. In the future, Kellett will develop towards the integration of LED upstream and downstream. Since the LED machine is more complicated and must be adjusted one by one, there is no way to increase the capacity. After investing in the round, Qimei invested in Keli Optoelectronics and is actively expanding its production capacity. After resigning as a director yesterday, the relationship with Yuyuan returned to the status of a simple shareholder, and Chi Mei’s strategy of relying on Qi Li was more clear.
In terms of Yuanyuan, Datong Group has fully discussed how the two businesses can cooperate with Yuyuan. It is understood that after obtaining a 7.13% stake in the company, Datong Group promised to increase its shareholding to 10% by March 2009 and become the largest single legal person shareholder. A total of six companies under the Datong Group will use 120 million LEDs a month. The addition of Datong Group will help the performance of the company and help the performance. Yan Yuan said that the board of directors approved by the company's articles of association is 7 to 9 seats. It was originally intended to invite Datong to the board of directors in an increased number of seats. Curiously, Mei decided to resign from the board of directors in the near future, vacating two seats, and the attendance was replaced by Datong. There will still be 7 seats in the future. In addition, Lin Weishan, chairman of Datong, said that he would cooperate with Yuyuan to develop lighting.
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